TIDMWTG

RNS Number : 2673C

Watchstone Group PLC

07 February 2020

Watchstone Group plc

("Watchstone" or the "Company" or the "Group")

Completion of the sale of Healthcare Services

Further to its previous announcements, Watchstone Group plc (LON:WTG) announces that its Canadian subsidiary, Quindell Services Inc. has completed the sale of PT Healthcare Solutions Corp. and other subsidiaries forming its Canadian Healthcare services ("Healthcare Services") business to 11628542 Canada Inc. a wholly owned subsidiary of LM Holdings Corp. (collectively, "LMH")

Stefan Borson, Group Chief Executive Officer said: "Firstly, I would like to thank the Healthcare Services team for their hard work during the Group's ownership of the business. We believe this transaction will benefit the Healthcare Services business, LMH and most importantly, its patients and clients. As part of LMH, we expect Healthcare Services and its people to thrive. From a personal perspective, I would like to thank Heather Shantora, the Healthcare Services CEO, for her tireless work in improving the business, its operational performance and its service to patients. The Board will miss working with Heather and the team and wishes them great success in the future."

For further information:

 
 Watchstone Group plc                     Tel: 03333 448048 
 WH Ireland Limited, Nominated Adviser   Tel: 020 7220 1666 
  and broker 
 
  Chris Hardie 
  Lydia Zychowska 
                                        -------------------

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February 07, 2020 02:01 ET (07:01 GMT)

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